Private housebuilding will be one of the few bright spots in a bleak year for UK construction, according to a new report.
The latest forecast from the Construction Products Association (CPA) predicts starts in the private housebuilding sector to be 15% higher than in 2009, with similar levels of growth in each of the next three years.
The private housing repair and maintenance market is predicted to experience a further fall before recovering “quite strongly” in the following three years.
Infrastructure is the one area where the CPA sees consistent growth through the forecast period, driven initially by significant investment in rail and road projects.
The CPA believes total construction output will decline by a further 3% in 2010, following a fall of 12% in 2009.
